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Services | Auto Parts Stores | USA
Advance Auto Parts Jumps on Earnings Beat Despite Soft Comps Guidance

Advance Auto Parts tops analysts' earnings expectations in its fourth quarter.

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The company said that it expects same-store sales to rise between 1% and 2.5% in 2019, the midpoint of which is short of analysts' estimates of 2% comp growth.

The company reported fourth-quarter net income of $53.4 million, less than a third of the $184.5 million it reported a year ago. Earnings of $1.17 per share beat  FactSet consensus estimates of $1.13.

Sales rose 3.3% to $2.11 billion, matching analysts' expectations. Same-store sales in the quarter rose 3.4%.

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https://www.thestreet.com/investing/adva...yptr=yahoo

Advance Auto Parts (AAP) Q1 Earnings and Revenues Beat Estimates

Advance Auto Parts (AAP) came out with quarterly earnings of $2.46 per share, beating the Zacks Consensus Estimate of $2.36 per share. This compares to earnings of $2.10 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 4.24%. A quarter ago, it was expected that this auto parts retailer would post earnings of $1.14 per share when it actually produced earnings of $1.17, delivering a surprise of 2.63%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Advance Auto Parts, which belongs to the Zacks Automotive - Retail and Wholesale - Parts industry, posted revenues of $2.95 billion for the quarter ended March 2019, surpassing the Zacks Consensus Estimate by 0.42%. This compares to year-ago revenues of $2.87 billion. The company has topped consensus revenue estimates four times over the last four quarters.

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https://finance.yahoo.com/news/advance-a...11451.html